DavidBarry(lford)AccountantsTaxadvisers

Corporation Tax Rates

Profits Effective to 31/03/11

£0-£300,000 21.0% (21%)

£300,001-£1,500,000 29.75% (29.75%)

£1,500,001 and over 28% (28%)

Self assessment: Payable 9 months after the accounting period

Standard rate - currently 17.50% per cent, from 1 January 2010 (formerly 15%).

Comment: Although, a 2 and 1/2 % reduction seemed small (I thought so to) it does make a difference on multiple purchases. Therefore, I hope that you made sure that you purchased (if possible, of course) your equipment (especially major) before the deadline of 1 January 2010.

http://www.hmrc.gov.uk/rates/corp.htm